Chicago Board of Trade (CBoT) members were expected to give
the green light to move ahead with an IPO at a vote on 22 June.
However, the likely timescale for the exchange following the
vote remained unclear.
Many have expected CBoT to move swiftly through the IPO
process and list the company by the end of the summer, thus
realising the underlying value of memberships. However, the
vote could also spark much anticipated merger between CBoT and
Chicago Mercantile Exchange (CME) either pre-IPO or after the
company is floated on the stock market.
Debate over which scenario would be more beneficial
continues but there appears to be strong CBoT member support
for a merged entity.
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